Q2 25 EPS
$0.07
BEAT +144.14%
Est. $-0.16
Q2 25 Revenue
$1.11B
BEAT +3.62%
Est. $1.07B
vs S&P Since Q2 25
+19.6%
BEATING MARKET
ROKU +35.5% vs S&P +15.9%
Market Reaction
Did ROKU Beat Earnings? Q2 2025 Results
Roku delivered a standout second quarter, flipping to GAAP profitability and posting results well ahead of Wall Street expectations across every key metric. The streaming platform reported Q2 2025 revenue of $1.11 billion, up 14.8% year over year and… Read more Roku delivered a standout second quarter, flipping to GAAP profitability and posting results well ahead of Wall Street expectations across every key metric. The streaming platform reported Q2 2025 revenue of $1.11 billion, up 14.8% year over year and ahead of the $1.07 billion consensus, while EPS of $0.07 beat the $-0.16 estimate by 144.14%, a swing from a $33.95 million net loss a year ago to $10.50 million in net income. The primary engine behind the beat was Platform revenue of $975.47 million, which grew 18% year over year and was bolstered by video advertising that expanded faster than both the broader Platform business and the U.S. OTT ad market, alongside contributions from the Frndly TV acquisition. Adjusted EBITDA climbed 79% year over year to $78.19 million, underscoring improving operating leverage. Analysts tracking the company have increasingly pointed to Roku's ability to monetize its growing user base as a genuine competitive advantage. Looking ahead, management raised its full-year 2025 outlook, guiding for total net revenue of $4.65 billion and Adjusted EBITDA of $375 million, with Q3 revenue expected near $1.21 billion.
Key Takeaways
- • Video advertising growth faster than overall Platform revenue and U.S. OTT/digital ad markets
- • Frndly TV acquisition contributed approximately 1.8 points of Platform growth
- • Growth in Premium Subscription sign-ups
- • Impact of prior-year price increases across subscription-based services
- • Deepened integrations with third-party partners and DSPs to expand and diversify ad demand
- • The Roku Channel maintained #2 app position on platform in U.S. by engagement
- • Streaming Hours reached 35.4 billion, up 5.2 billion hours YoY
- • #1 selling TV OS in the U.S., Canada, and Mexico
ROKU YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
ROKU Revenue by Segment
With YoY comparisons, source: SEC Filings
ROKU Earnings Trends
ROKU vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ROKU EPS Trend
Earnings per share: estimate vs actual
ROKU Revenue Trend
Quarterly revenue: estimate vs actual
ROKU Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $0.57 | — | $1.25B | +3.70% |
| Q4 25 BEAT FY | $0.27 | $0.53 | +95.36% | $1.39B | — |
| FY Full Year | $0.33 | $0.59 | +79.71% | $4.74B | +0.87% |
| Q3 25 BEAT | $0.09 | $0.16 | +75.82% | $1.21B | +0.38% |
| Q2 25 BEAT | $-0.16 | $0.07 | +144.14% | $1.11B | +3.62% |
| Q1 25 BEAT | $-0.25 | $-0.19 | +24.75% | $1.02B | +1.29% |